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Benz Confirms Main Excessive Grade Gold Extensions to Zone 126 and Discovery of New Lens 5

EditorialBy EditorialDecember 8, 2025No Comments27 Mins Read

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Deepest 150+ gram metre intercept to this point at Glenburgh Gold Venture takes Zone 126 all the way down to 800m vertical

HIGHLIGHTS:

  • Lens 4 grows deeper and stronger with thickest excessive grade hit to this point at Glenburgh with 200m+ step out
    • 15m at 12.7g/t gold from 850m 25GLR117 (Main 200m+ down dip extension); and
    • 20m at 5g/t gold from 676m 25GLR094 (constructing out Lens 4 to the 90m to the west).
  • Supported by beforehand reported 4th lens discovery gap:
    • 17m at 6g/t gold from 662m 25GLR082.
  • New Lens 5 discovery: drilling has intersected the interpreted Lens 5 zone,
    • 2m at 16.8g/t gold from 528m 25GLR090.
    • This discovery hit sits on the margin of the interpreted lens, with thicker and higher-grade mineralisation anticipated down-dip/down-plunge.
  • Lenses 1-5 all stay open at depth, highlighting vital alternative so as to add additional excessive grade ounces with 12m at 3.8g/t gold from 320m 25GLR_106 intersected extending Lens 1 at depth.
  • Rising subsequent high-grade discovery corridors: interpretation of regional folding structure pinpoints NE3 and Hurricane targets as the following high-grade alternatives. NE3 interpretation because the opposing fold limb of Zone 126, and Hurricane as a 1km lengthy +100ppb gold-in-soil analogue with real potential to ship Zone 126 scale discoveries.

Benz Mining Corp (TSXV: BZ,OTC:BENZF) (ASX: BNZ) (“Benz” or the “Firm”) is happy to report an extra discovery from ongoing drilling on the Zone 126 prospect inside the Glenburgh Gold Venture in Western Australia.

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Determine 1. Lengthy part view wanting north of Zone 126 pattern. Proposed drilling demarcated by crosses. Present launch new intercepts in daring define. Earlier outcomes launched on 6 November 2024, 3 April 2025, 28 April 2025, 30 June 2025, 31 July 2025, 20 August 2025 and 11 September 2025.

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Benz CEO, Mark Lynch-Staunton, commented:

“Glenburgh continues to ship distinctive outcomes, and the system is clearly rising in each scale and power. Lens 4 has now pushed considerably deeper with our thickest high-grade intercept to this point, extending the system by greater than 200 metres down-dip and total to 800 metres vertical. The growth additional reinforces the robustness of this sediment, and along with our earlier Lens 4 discovery gap, it reveals Lens 4 is evolving into a significant excessive grade system with vital depth potential.

“We’re additionally extremely inspired by the preliminary intercept into the interpreted Lens 5 place, which as soon as once more validates the predictive energy of our exploration mannequin. Though this intercept sits on the very fringe of the system, we count on thicker and higher-grade mineralisation as we drill down-dip and down-plunge. Importantly, all lenses from 1 by means of 5 stay utterly open at depth, underlining the numerous alternative so as to add high-grade ounces.

“Past the quick progress round Zone 126, we at the moment are beginning to unlock the broader district-scale alternative. Ongoing structural mapping continues to outline the regional folding structure, and identifies NE3 and Hurricane as the 2 subsequent main high-grade discovery corridors. NE3 is to be examined as an opposing fold limb to Zone 126, whereas Hurricane presents a 1 km lengthy +100 ppb gold-in-soil anomaly occupying the interpreted synformal hinge place alongside strike to the SW.

“Each targets carry real potential to ship discoveries of comparable dimension and scale to the Zone 126 pattern. Historic drilling intersected high-grade mineralisation close to to floor; Benz plans to drill down-dip and down the NE-plunge of each these targets, testing positions that stay utterly open at depth. This untested upside presents a really thrilling alternative for the Venture heading into 2026.

“Momentum is constructing throughout a number of fronts and, with every new discovery, Glenburgh is shaping up as one in every of Australia’s most compelling rising gold districts.”

Zone 126 Drilling: Two Rigs Driving Steady Excessive-Grade Development

Drilling on the Glenburgh Gold Venture continues to exhibit the size potential of the Zone 126 pattern, with Lens 4 now rising deeper, thicker and higher-grade as drilling steps into beforehand untested parts of the system. A serious down-dip extension has been confirmed by gap 25GLR117, which returned 15m at 12.7g/t gold from 875m, representing a 200m+ step-out from earlier drilling. This consequence marks the best grade intercept recorded in Lens 4 to this point and offers substantial validation of the Firm’s structural mannequin at depth.

Additional help for the growth of Lens 4 comes from 25GLR094, which intersected 20m at 5g/t gold from 675m, efficiently constructing out the lens an extra 90m to the west from the unique discovery gap of 17m at 6.0g/t gold. Collectively, these new outcomes proceed to bolster the sturdy continuity of high-grade mineralisation alongside plunge and spotlight the numerous alternative to continue to grow this lens into a fabric high-grade ore shoot.

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Determine 2: Collar map for launched gap with drilling highlights labelled.

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New Lens 5 Discovery

Along with the continued progress of Lens 4, drilling has now delivered the primary discovery gap within the rising Lens 5 place. Gap 25GLR090 intersected 2m at 16g/t gold from 475m, marking preliminary affirmation. Importantly, this intercept sits on the margin of the interpreted lens geometry. Based mostly on the Firm’s structural mannequin, thicker and higher-grade mineralisation is anticipated down-dip and down-plunge, the place the complete thickness of the lens is interpreted to develop.

A number of Lenses Stay Open at Depth

Lenses 1 by means of 5 all stay open at depth, with latest drilling persevering with to exhibit sturdy potential for additional high-grade extensions. Notably, 12m at 3.8g/t gold was intersected within the down-dip continuation of Lens 1, highlighting that the complete Zone 126 hall stays vastly under-tested under 400-500m depth. Every lens displays the identical plunging structural controls and beneficial host lithologies, reinforcing the chance to proceed including high-grade ounces by means of ongoing drilling.

Subsequent Excessive grade discovery centres: Hurricane & NE3 Targets.

Ongoing detailed structural mapping and interpretation of drilling outcomes continues to refine interpretations of the folded structure of mineralisation at Glenburgh, opening up quite a few alternatives for the following Zone 126 scale discovery; Hurricane and NE3 are rising as the 2 highest-priority targets (Determine 3).

The NE3 goal is being examined as an interpreted opposing (NE) fold limb to Zone 126, whereas Hurricane represents a 1 km lengthy +100 ppb gold-in-soil anomaly positioned on the interpreted synformal hinge place alongside strike to the SW. Critically, the NE3 and Hurricane targets have coherent >100 ppb gold-in-soil anomalies; the identical floor signature that has accompanied each high-grade lens found at Zone 126 to this point.

With Hurricane (1 km gold-in-soil anomaly) and NE3 (600 m gold-in-soil anomaly) targets supported by confirmed mineralisation in shallow drilling (see Determine 3 Under), we now have two standout targets- every with real potential to ship a discovery of comparable dimension and scale to the Zone 126 pattern.

The rising geological framework highlights a number of parallel and along-strike attainable repetitions of the Zone 126 mineralised place, whereas additionally focussing preliminary drilling efforts beneath these clear floor geochemical expressions.

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Determine 3. Plan view of refined interpretation of regionally folded structure with new goal zones for quick drill testing. Earlier outcomes launched on 6 November 2024.

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Determine 4: Seek advice from part line A-B in determine 3. Part view wanting east with 400m clipping window.

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NE3

NE3 is a compelling discovery alternative, interpreted to be the opposing limb to mineralisation outlined at Zone 126, separated by a synformal fold hinge. A 600 m lengthy >100 ppb gold-in-soil anomaly and confirmed mineralisation from historic drilling reinforce this interpretation. Like Zone 126, earlier drilling didn’t goal the NE plunge path, or drill under ~100m depth; Benz considers these extremely beneficial mineralised positions that stay utterly open.

Historic outcomes embody 13m at 1.5 g/t gold and 6m at 2.8g/t gold. Collectively, these components place NE3 as a real Z126-scale repeat goal with vital high-grade discovery potential.

Hurricane

Hurricane is interpreted to lie alongside strike to the SW of Zone 126, in a synformal place inside the fold structure; amphibolite and biotite-rich gneissic rocks mapped at floor are analogous to Zone 126 geology. A 1km m lengthy >100 ppb gold-in-soil anomaly and confirmed mineralisation from historic drilling reinforce this interpretation. Early work suggests Hurricane might provide scale potential similar to Zone 126 itself, marking it as a compelling new progress entrance at Glenburgh in 2026. Deliberate drilling at Hurricane will observe the identical technique as Zone 126, following identified excessive grade intercepts down-dip, and down-plunge to the northeast.

Evaluating Zone 126 and Hurricane

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Determine 5: Part view wanting east. Evaluating Zone 126 with Hurricane aspect by aspect. Interpolated grade shells proven.

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Determine 5 compares the latest discoveries at Zone 126 with the present state of affairs at Hurricane. At Zone 126, a small high-grade shoot reported to floor, examined by comparatively shallow historic drilling. As renewed drilling progressed down-plunge in 2025, that modest floor expression unravelled into a significant discovery, finally defining a number of thick high-grade lenses extending over greater than a kilometre of strike and persisting to greater than 800 metres vertical depth.

Hurricane is exhibiting the identical thrilling sample, with a discrete high-grade shoot at floor sitting above a 1km-long >100ppb gold-in-soil anomaly and comparable structural controls to these noticed at Zone 126. Based mostly on the success of drilling at Zone 126 in 2025, Hurricane has the potential to develop considerably with depth as drilling unfolds.

Geometric Learnings Driving Goal Refinement

Drilling in 2025 has proven that the geometry of Zone 126 mineralisation can swing from steeply NW-dipping to SE-dipping over comparatively quick distances, an unsurprising end result of the folded gneissic geology.

When drillhole instructions should not domestically optimum, and an intersection is believed to not be consultant, Benz’s workflow is particularly designed to answer this by overview of downhole structural measurements and geology, and follow-up focusing on of drillholes from extra optimum positions.

When this occurs, a drillhole might skim the sting of the ore lens reasonably than lower by means of its thicker, higher-grade core. These “close to misses” can seem at first look as lower-grade intercepts, however more and more we recognise them as worthwhile geometric indicators reasonably than true limits to mineralisation. This can be a extremely encouraging commentary, because it means most of the gaps or lower-grade intersections inside the broader pattern doubtless mirror orientation swings, not geological breaks, supporting the interpretation of a extra steady and substantial high-grade system. We then modify drill orientation to re-target the center of the system.

This strategy ensures that each side of any obvious hole are examined and provides us sturdy confidence that we’re effectively defining the true dimension, grade continuity and geometry of the high-grade lenses. Many of those obvious breaks at the moment are seen as missed alternatives reasonably than true boundaries, highlighting the potential for additional progress as drilling continues.

Geological work replace

Detailed structural mapping and multielement evaluation of gneissic rocks is progressively revealing the controls on mineralisation at Glenburgh. The presence of a number of completely different phases of metamorphosed mafic rocks together with porphyritic/porphyroblastic and attainable differentiated mafic sills, together with metasedimentary sequences factors in direction of a greenstone-like succession from the Paleoproterozoic or late Archean, now overprinted by high-grade metamorphism.

Work is underway to find out the origin and extent of those greenstones and establish any additional previously-unrecognised alternatives within the wider Gascoyne area. A program of detailed laboratory work to additional perceive this enigmatic orebody is within the pipeline for 2026.

Glenburgh – A New Frontier Gold District

The 100%-owned Glenburgh Gold Venture is quickly rising as a brand new frontier gold district with multi-million-ounce potential. Positioned in Western Australia’s Gascoyne area, Glenburgh hosts an 18-20 kilometre mineralised hall anchored by the large-scale Icon-Apollo pattern and the high-grade Zone 126 system.

Glenburgh’s distinctive mixture of thick, bulk-style gold mineralisation (Icon-Apollo) and a number of high-grade underground lenses (Zone 126) positions it as a uncommon alternative within the Australian gold sector. With gold costs at file ranges, the power to develop each large-scale open pit and underground operations presents distinctive leverage and progress potential.

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Determine 6. Geological overview of the Glenburgh Gold Venture.

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– END –

This announcement has been permitted for launch by the Board of Benz Mining Corp.

About Benz Mining Corp.

Benz Mining Corp. (TSXV: BZ,OTC:BENZF) (ASX: BNZ) is a pure-play gold exploration firm dual-listed on the TSX Enterprise Alternate and Australian Securities Alternate. The Firm owns the Eastmain Gold Venture in Quebec, and the not too long ago acquired Glenburgh and Mt Egerton Gold Initiatives in Western Australia.

Benz’s key level of distinction lies in its group’s deep geological experience and the usage of superior geological methods, notably in high-metamorphic terrane exploration. The Firm goals to quickly develop its world useful resource base and solidify its place as a number one gold explorer throughout two of the world’s most prolific gold areas.

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For extra info, please go to: https://benzmining.com/.

Certified Individual’s Assertion (NI 43-101)

The disclosure of scientific or technical info on this information launch is predicated on, and pretty represents, info compiled by Mr Mark Lynch-Staunton, who’s a Certified Individual as outlined by NI 43-101 and a Member of Australian Institute of Geoscientists (AIG) (Membership ID: 6918). Mr Lynch-Staunton has reviewed and permitted the technical info on this information launch. Mr Lynch-Staunton owns securities in Benz Mining Corp.

Ahead-Trying Statements

Statements contained on this information launch that aren’t historic details are “forward-looking info” or “ahead wanting statements” (collectively Ahead-Trying Data) as such time period is utilized in relevant Canadian securities legal guidelines. Ahead-Trying Data contains, however isn’t restricted to, disclosure concerning the exploration potential of the Glenburgh Gold Venture and the anticipated advantages thereof, deliberate exploration and associated actions on the Glenburgh Gold Venture. In sure instances, Ahead-Trying Data might be recognized by means of phrases and phrases or variations of such phrases and phrases or statements reminiscent of “anticipates”, “full”, “develop into”, “expects”, “subsequent steps”, “commitments” and “potential”, in relation to sure actions, occasions or outcomes “might”, “might”, “will”, “would”, be achieved. In getting ready the Ahead-Trying Data on this information launch, the Firm has utilized a number of materials assumptions, together with, however not restricted to, that the accuracy and reliability of the Firm’s exploration thesis in respect of extra drilling on the Glenburgh Gold Venture will likely be in keeping with the Firm’s expectations based mostly on accessible info; the Firm will have the ability to increase extra capital as mandatory; the present exploration, growth, environmental and different goals in regards to the Firm’s Initiatives (together with Glenburgh and Mt Egerton Gold Initiatives) might be achieved; and the continuity of the worth of gold and different metals, financial and political circumstances, and operations.

Ahead-looking info is topic to quite a lot of dangers and uncertainties and different elements that would trigger plans, estimates and precise outcomes to range materially from these projected in such forward-looking info. Elements that would trigger the forward-looking info on this information launch to alter or to be inaccurate embody, however should not restricted to, the early stage nature of the Firm’s exploration of the Glenburgh Gold Venture, the danger that any of the assumptions referred to show to not be legitimate or dependable, that occurrences reminiscent of these referred to above are realized and end in delays, or cessation in deliberate work, that the Firm’s monetary situation and growth plans change, and delays in regulatory approval, in addition to the opposite dangers and uncertainties relevant to the Firm as set forth within the Firm’s steady disclosure filings filed underneath the Firm’s profile at www.sedarplus.ca and www.asx.com.au. Accordingly, readers mustn’t place undue reliance on Ahead-Trying Data. The Ahead-looking info on this information launch is predicated on plans, expectations, and estimates of administration on the date the knowledge is offered and the Firm undertakes no obligation to replace these forward-looking statements, apart from as required by relevant regulation.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Appendix 1: Collar Desk. Coordinates system: GDA94/MGA Zone 50

Gap ID Easting Northing Elevation Dip Azimuth Finish 
Depth
25GLR_137 414925 7193989 328 -60 132 650
25GLR_117 414996 7194147 331 -65 136 876
25GLR_094 415208 7193521 327 -63 330 768
25GLR_092 415362 7193605 328 -61 325 745
25GLR_090 415581 7193641 326 -65 331 762
25GLR_087 415363 7193604 328 -65 313 852

 

Appendix 2: Important Intercepts Tables.
Excessive Grade Intercepts: A nominal 0.5g/t Au decrease lower off has been utilized to outcomes, with as much as 5m inner dilution utilized until in any other case acknowledged.

Gap ID From To Au_ppm Size Feedback
25GLR_117 40 50 1.04 10
25GLR_117 64 68 1.68 4
25GLR_117 837 840 2.08 3
25GLR_117 850 865 12.75 15 Lens 4
25GLR_106 231 235 2.44 4
25GLR_106 246 251 0.68 5
25GLR_106 268 275 0.91 7
25GLR_106 294 297 1.68 3
25GLR_106 305 308 0.53 3
25GLR_106 311 318 1.76 7
25GLR_106 320 332 3.78 12 Lens 1
25GLR_137 486 501 1.02 15
25GLR_137 548 551 0.85 3
25GLR_137 572 575 3.88 3
25GLR_137 598 603 1.46 5
25GLR_094 676 696 5.00 20 Lens 4
25GLR_094 735 741 0.6 6
25GLR_092 210 214 2.05 4
25GLR_092 557 561 0.84 4
25GLR_090 528 530 16.8 2 Lens 5
25GLR_087 234 243 0.53 9
25GLR_087 719 731 0.94 12
25GLR_087 735 738 1.15 3
25GLR_087 806 814 1.02 8

 

Appendix 3: JORC Tables
JORC Code, 2012 Version – Desk 1 report template

Part 1 Sampling Strategies and Knowledge

(Standards on this part apply to all succeeding sections.)

Standards Commentary
Sampling methods
  • Outcomes are a part of BNZ’s RC drilling marketing campaign on the not too long ago acquired Glenburgh Gold Venture located ~285 km east of Carnarvon by way of Gascoyne Junction, WA.
  • RC drilling samples have been collected as 1m single samples.
  • Every pattern collected represents each (1) metre drilled collected from the rig-mounted cone splitter into particular person calico baggage (~3kg) and saved in labelled sequential polyweave baggage for long-term storage.
  • The rig mounted cyclone/cone splitter was levelled firstly of every gap to assist a good fall of the pattern by means of the cyclone into the cone splitter.
  • RC drilling pattern submissions embody the usage of licensed requirements (CRMs), and discipline duplicates have been added to the submitted pattern sequence to check laboratory gear calibrations. Requirements chosen are matched to the analytical methodology of photon assaying at ALS labs in Perth (~500g items). No composites have been taken.
  • Based mostly on statistical evaluation of those outcomes, there isn’t a proof to counsel the samples should not consultant.
Drilling methods
  • The RC drill rig was a Schramm C685 Rig sort with the aptitude to succeed in >500m depths with a rig-mounted cyclone/cone splitter utilizing a face pattern hammer little bit of 5 1⁄2 – 6″ dimension.
  • The booster was used to use air to maintain drill holes dry and attain deeper depths.
Drill pattern restoration
  • RC pattern restoration is visually assessed and recorded the place considerably lowered. Negligible pattern loss has been recorded.
  • RC samples have been visually checked for restoration, moisture and contamination. A cyclone and cone splitter have been used to offer a uniform pattern, and these have been routinely cleaned.
  • RC Pattern recoveries are typically excessive. No vital pattern loss has been recorded.
Logging
  • RC chip samples have been geologically logged on a per 1 metre course of recording lithology, mineralisation, veining, alteration, and weathering.
  • Geological logging is taken into account applicable for this model of deposit (metamorphosed orogenic gold). The complete size of all holes has been geologically logged.
  • RC drill logging was accomplished by Galt Mining Options workers and knowledge entered into BNZ’s MXDeposit digital knowledge assortment platform offered by Expedio.
  • All drill chips have been collected into 20 compartment-trays for future reference and saved at Galt’s warehouse in West Leederville on the time of reporting.
Sub-sampling methods and pattern preparation
  • RC chips have been cone cut up on the rig. Samples have been typically dry.
  • A pattern dimension of between 3 and 5 kg was collected. This dimension is taken into account applicable, and consultant of the fabric being sampled given the width and continuity of the intersections, and the grain dimension of the fabric being collected.
  • For the 1 metre samples, licensed analytical requirements (applicable for photon assaying) and discipline duplicates have been inserted at applicable intervals at a fee equal to 1 in 20 and despatched for evaluation with the samples.
  • Pattern preparation was undertaken at ALS Laboratory – Perth. Gold evaluation utilised the photon assaying methodology the place unique samples are crushed to 2mm with a sub-set 500g separated for non-destructive evaluation.
  • Any pattern reporting as having elevated > 1µSv readings throughout the preparation for photon assaying at ALS labs have been flagged and have been submitted for hearth assay (Au-AA26) methodology at ALS labs in Perth as a quantifying test towards the Photon assays.
High quality of assay knowledge and laboratory checks
  • Preliminary pXRF and Labspec ASD evaluation was carried out by Galt Mining Options personnel utilising Geotek’s Boxscan automated system.
  • The scanning of sieved RC drilling fines pattern materials utilised an Olympus Vanta M Collection transportable XRF in Geochem mode (3 beam) and a 20-second learn time for every beam (Instrument_Serial = 840951).
  • The ASD knowledge reader on Boxscan has a 3 nm VNIR, 6 nm SWIR spectral decision of the LabSpec 4 Hello-Res analytical instrument (Electronics serial quantity: 28191).
  • The pXRF and ASD are integrated into Geotek’s Boxscan machine to facilitate an automatic knowledge assortment course of. This contains periodic calibration and QAQC scans on Geotek-supplied pucks and color strips.
  • The QAQC scans are verified and checked on Boxscan’s inner program datasheet towards anticipated outcomes to make sure the analysers are conforming to Boxscan’s anticipated working parameters.
  • A overview of the pXRF and ASD pattern outcomes offered a suitable stage of research and the info is suitable for reporting the geochemistry ends in the context of its use for screening areas for indications of elevations in concentrations with components of curiosity.
  • pXRF and ASD outcomes ought to by no means be thought-about a proxy or substitute for laboratory evaluation, which is required to find out sturdy and correct potential for mineralisation and related components. The reporting of pXRF and ASD outcomes shouldn’t be described as an “assay” consequence, as these should not of the identical stage of accuracy or precision as that obtained from an authorized laboratory workflow. The usage of “preliminary indicative discipline knowledge” is a extra applicable time period when referring to pXRF and ASD outcomes.
  • The pXRF knowledge is exploratory in nature and is used predominantly as an inner workflow to help in goal prioritisation by means of an early part of exploration investigation.
  • No earlier comparisons of pXRF and ASD knowledge with laboratory knowledge on the venture have been undertaken to this point.
  • The evaluation concerned direct level relying on the uncooked surfaces of the equipped drill fines. The fines are transferred from geochem packets to purpose-made scanning pucks, with the evaluation taken from the center of those pucks. The pattern materials was dry and picked up and analysed in ambient temperatures inside the processing warehouse. Monitoring of workstation space and equipment temperatures happen throughout the shift with cooling actions being applied when required.
  • This offers solely semi-quantitative info and is reported as uncooked knowledge with out vital corrections, which is greatest interpreted as an plentiful/current/absent classification for many components. This info offers helpful pattern analyses at an exploration goal scale.
Verification of sampling and assaying
  • Important drill intersections are checked by the supervising personnel. The intersections are in comparison with recorded geology and neighbouring knowledge and reviewed in Leapfrog and QGIS software program.
  • No twinned holes have been drilled to this point by Benz Mining, however, deliberate holes have examined the interpreted mineralised tendencies, verifying the geometry of the mineralised targets.
  • All logs have been validated by the Venture Geologist previous to being despatched to the Database Administrator for import
  • No changes have been made to assay knowledge other than values under the detection restrict that are assigned a price of half the detection restrict (optimistic quantity)
Location of knowledge factors
  • Gap collar coordinates together with RLs have been positioned by handheld GPS within the discipline throughout preliminary drill website preparation. Precise gap collars have been collected by a DGPS system on the Glenburgh Gold Venture.
  • The grid system used for the placement of all drill holes is GDA94_MGA _Zone 50s.
  • Deliberate gap coordinates and remaining GPS coordinates are in contrast in QGIS and Leapfrog venture recordsdata to make sure all targets have been examined as supposed.
  • The drill string path is monitored as drilling progresses utilizing downhole Axis Champ Gyro software and in contrast towards the deliberate drill path, adjustment to the drilling approach is requested as required to make sure the supposed path is adopted.
  • Readings have been recorded at 30m intervals from floor to finish of gap after Benz reviewed single shot verses EOH steady surveying of the Axis Champ Gyro software and famous >3 levels variance in azimuth with gap depth. The one pictures produce much less variability and are used for gap hint reporting within the database.
  • Historic drill gap surveys and strategies will likely be reviewed in preparation for any updates to MRE sooner or later.
Knowledge spacing and distribution
  • BNZ’s Glenburgh RC drilling has been designed as a check on mineralisation extension at a deliberate spacing of 60m between pierce factors on the projected mineralised characteristic. Holes have been typically angled ~ -65 dip in direction of ~ 145 levels GDA94_MGA _Zone 51 Grid orientation. Fifteen (15) holes have been drilled into Zone 126 prospect on a tough grid sample to acquire enough spacing for testing mineralisation continuity and geological host options.
  • The mineralised domains established for pre-BNZ MREs have ample continuity in each geology and grade to be thought-about applicable for the Mineral Useful resource and Ore Reserve estimation procedures and classification utilized underneath the 2012 JORC Code. Ongoing drilling will likely be sufficiently spaced for a reinterpretation based mostly on BNZ’s structural mannequin.
  • No pattern compositing of fabric from drilling has been utilized throughout this drilling marketing campaign.
Orientation of knowledge in relation to geological construction
  • Drilling has primarily been undertaken perpendicular to the interpreted mineralised buildings as acknowledged above.
  • No orientation-based sampling bias has been recognized – noticed intercepts to this point point out the interpreted geology internet hosting mineralisation is powerful.
Pattern safety
  • All samples have been ready within the discipline by Galt workers and delivered by contracted couriers from the sphere website to the ALS laboratory in Perth instantly.
  • Particular person pre-numbered calco pattern baggage are positioned in polywoven plastic baggage (5 per bag) secured on the prime with a cable tie. These baggage are annotated with the corporate identify and pattern numbers, the luggage are positioned in bigger bulker baggage for transport to ALS labs in Perth, additionally labelled with corresponding firm identify, drill gap and pattern identifiers.
  • Pattern pulps are saved in a dry, safe location at Galt’s warehouse in West Leederville.
Audits or evaluations
  • Knowledge is validated by Benz workers and Expedio consultants as it’s entered into MXDeposit. Errors are returned to discipline workers for validation.
  • All drilled gap collars have been positioned with a DGPS.
  • There have been no audits undertaken.

 

Part 2 Reporting of Exploration Outcomes
(Standards listed within the previous part additionally apply to this part.)

Standards Commentary
Mineral tenement and land tenure standing
  • Glenburgh Gold Venture is a bunch of 10 tenements and a pair of functions. Nearly all of identified gold deposits are positioned on Mining Lease M09/148.
  • The tenement is 100% owned by Benz Mining Restricted.
  • The tenements are in good standing and no identified impediments exist.
Exploration completed by different events
  • Since Helix Sources in 1994 and subsequent work by Gascoyne Sources, about 159149 soil samples, 1349 vacuum holes and 2285 auger holes have been accomplished at Glenburgh.
  • 9 diamond holes, 398 RC holes, 6 air-core holes and 462 RAB holes have been drilled within the Glenburgh space to establish the distribution and consider the potential of the deposit.
  • Drilling to this point has recognized 10 excessive potential deposits within the Glenburgh space that are: Tuxedo, Icon, Apollo, Mustang, Shelby, Hurricane, Zone 102, Zone 126, NE3 and NE4 deposits.
Geology
  • Gold mineralisation on the Glenburgh deposit is hosted in Paleoproterozoic upper-amphibolite to granulite facies siliciclastic rocks of the Glenburgh Terrane, within the southern Gascoyne Province of Western Australia.
  • Gold was first found on the Glenburgh deposit in 1994 by Helix Sources throughout follow-up drilling of soil geochemical anomalies. Mineralisation happens in shears inside quartz + feldspar + biotite ± garnet gneiss, which comprises discontinuous blocks or lenses of amphibolite and occasional skinny magnetite-bearing metamorphics, in all probability derived from chemical sediments.
  • Increased-grade mineralisation seems to be instantly associated to silica flooding within the gneiss. This silica flooding might give rise to quartz ‘veins’ as much as a number of metres thick, though scales of a number of centimetres to tens of centimetres are the norm. Neither the higher-grade silica lodes nor the extra pervasive lower-grade mineralisation displays sharp or well-defined lithological contacts.
Drill gap Data
  • For this announcement, 6 Reverse Circulation (RC) drill holes are being reported.
  • Collar particulars have been offered in Appendix 1.
  • For earlier launched outcomes, see earlier bulletins by Gascoyne Sources and Spartan Sources.
Knowledge aggregation strategies
  • No materials info has been excluded.
  • Excessive grade: A nominal 0.5 ppm Au decrease lower off has been utilized to with as much as 5m inner dilution size utilized
  • Increased grade Au intervals mendacity inside broader zones of Au mineralisation are reported as included intervals.
  • No prime cuts have been utilized to reported intercepts.
  • No steel equal values have been used.
  • All reported assays have been size weighted if applicable.
Relationship between mineralisation widths and intercept lengths
  • Drilling is usually oriented perpendicular to the interpreted strike of mineralisation, and intercepts are reported as downhole lengths until in any other case acknowledged.
  • To enhance understanding of true widths, a subset of holes on this program have been drilled from the other azimuth to earlier drilling to check structural geometry. Ongoing drilling and geological modelling are required to substantiate the true orientation and extent of mineralised lenses.
Diagrams
  • Related diagrams are included within the report.
Balanced reporting
  • All significant knowledge referring to the Exploration program has been included and reported to the market as assays are acquired.
Different substantive exploration knowledge
  • See physique of announcement.
Additional work
  • Assays for the rest of the programme will likely be reported as soon as acquired and validated.
  • Detailed discipline mapping has commenced to refine targets for the following spherical of drilling.
  • Geophysical methods are being investigated to scale back the search house of high-grade lenses away from outlined useful resource areas and/or high-grade drill intercepts.

 

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